November ___, 2017
Exhibit 10.3
November ___, 2017
| We Sell Cellular LLC | BST Distribution, Inc. |
| 000 Xxxxxxx Xxxxxx, 00xx XX | 000 Xxxxxxx Xxxxxx, 00xx XX |
| New York, NY 10016 | New York, NY 10016 |
| Attention: Xxxxxx Xxxxx, Manager | Attention: Xxxxxx Xxxxx, Chairman |
| Re: | Amendments to Employment Agreement |
Dear Nik:
Reference is made in this Letter Agreement (the “Letter Agreement”) to the Employment Agreement dated October 23, 2015 (the “Employment Agreement”), which I entered into with We Sell Cellular LLC and BST Distribution, Inc. I hereby acknowledge and agree that Section 4(a) of the Employment Agreement, including the Schedules 4(a)(1)(A), 4(a)(1)(B), 4(a)(2), and 4(a)(3) referenced therein, is hereby deleted and replaced in its entirety by the following:
For the services of the Executive to be rendered under this Agreement, the Company shall pay the Executive an annual salary of $250,000 (the “Base Salary”) payable in accordance with the Company’s normal payroll practices. Payment of Base Salary may be made by either BST or We Sell.
I further acknowledge and agree that Section 4(b) of the Employment Agreement, including the Schedules 4(b)(1) and 4(b)(2) referenced therein, and Section 4(c) of the Employment Agreement are hereby deleted in their entirety, and Section 4(d) of the Employment Agreement is hereby deleted and replaced in its entirety by the following:
In addition to any compensation received pursuant to this Section 4, the Company will reimburse or advance funds to the Executive for all reasonable documented travel, meals, and lodging, entertainment and miscellaneous expenses incurred in connection with the performance of his duties under this Agreement, provided that the Executive properly provides a written accounting of such expenses to the Company in accordance with the Company’s practices. Such reimbursement or advances will be made in accordance with policies and procedures of the Company in effect from time to time relating to reimbursement of, or advances to, its executive officers, except that no policy shall change the terms of this Agreement.
[Signatures to follow]
BST Distribution, Inc.
We Sell Cellular LLC
November ___, 2017
Page 2
Very truly yours,
Acknowledged and agreed:
BST Distribution, Inc.
| By: |
We Sell Cellular LLC
| By: Xxxxxx Xxxxx, Manager |
cc: Xxxxxxx X. Xxxxxx, Esq.
[Signature page to Letter Agreement re: Amendments to Employment Agreement]
